My Age of Investment

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"The fund will then be liquidated and re-raised."

As soon as Xia Jingxing finished speaking, Abel asked why.

After asking, Abel quickly realized that he was dazzled by the huge achievements.

The boss has already told me before to keep a low profile!

Xia Jingxing glanced at everyone and explained: "Our asset management scale last year actually reached 32 billion US dollars, but outsiders speculated that it was only more than 20 billion US dollars.

Now if the news is announced that the fund's asset management scale has exceeded the 100 billion U.S. dollar mark, many things will be self-inflicted. "

Everyone nodded. The impact of the $30 billion incident was still fresh in their minds. They really couldn't expose their trump cards just for the sake of fame.

"That's just the No. 1 reason to cut the size of the fund."

Xia Jingxing said: "The second reason is that we currently do not have the ability to control a fund worth hundreds of billions of dollars!"

Everyone frowned and began to think about the meaning of the boss's words.

Seeing everyone's confusion, Xia Jingxing continued to explain: "We achieved this result last year by betting on a one-way downward market.

Do you think a large-scale financial crisis will break out in the short term?

Judging from past experience, it won’t happen for at least ten years.

In a volatile market that goes up and down, the size of the fund is too large, which makes it inconvenient to operate.

Bridgewater Associates has been in business for more than 30 years, and they are able to move 60 to 70 billion US dollars in various financial products and financial products around the world at the fingertips of their hands.

Ask yourself, can we do it? "

Jiang Ping said in a deep voice: "To be honest, I feel a little bit tired of operating two multi-billion dollar funds in the foreign exchange market.

If the $20 billion I was in charge of last year had not been all about buying index futures contracts and various contracts, and then waiting for the lottery draw, I might have made mistakes. "

Seeing how humble Brother One was, the others began to reflect and re-evaluate their abilities.

Xia Jingxing glanced at Jiang Ping appreciatively. Even though he made more than 40 billion US dollars last year, he could honestly say that it was difficult for him to manage billions of dollars. This showed that Jiang Ping was not bloated and had a clear mind.

Of course, this may also have something to do with Xia Jingxing.

Jiang Ping and even the other fund managers here can make so much money because of Xia Jingxing's judgment of the general trend.

There is a saying that goes well, if the direction is wrong, the efforts will be in vain.

For example, Peter Thiel.

Therefore, Xia Jingxing used this old friend as a negative example.

The six people present were surprised when they heard that "Clare Capital, which was so majestic the year before last and was about to be selected into the top ten hedge funds in the world, lost 5 to 6 billion US dollars last year and planned to hand over 10 billion US dollars to Envision Capital Management."

"Proactively reducing the size of the fund?"

Li Yaozu looked puzzled. This was a bit rare. If it hadn't been said by the boss, he would have doubted the authenticity of this statement.

"Yes, Peter Thiel has the advantage that he can clearly understand the boundaries of his abilities.

This may seem like an act of cowardice, but from another perspective, it is not an act of bravery!

Who dares and is willing to admit that he is not good enough? "

Xia Jingxing looked at the boundless ocean in the distance. To be honest, he admired Peter Thiel a little bit.

If he had given up early in his previous life and honestly found a class, the outcome might have been much better, but not necessarily.

After putting away his emotion, Xia Jingxing added: "The biggest problem of our fund now is that it is growing too fast. There is a Chinese idiom called pulling seedlings to encourage growth..."

In order to take care of Abel, the only foreigner present, Xia Jingxing spread Chinese culture once again.

After listening, Abel nodded fiercely, "Actually, I feel the same way. The size of the fund has been increasing slowly.

Three years ago, we were just a company with an asset management scale of only three to four billion US dollars. Now it has increased dozens of times, and our management and risk control have not kept up.

Of course, except for the fund-raising aspect, this work is thanks to all the big guys, and my outstanding performance has brought me flowers and applause wherever I go, and it takes almost no effort to raise funds. "

Abel's humorous words made everyone laugh and diluted some of the serious atmosphere.

Xia Jingxing lived up to the opportunity created by Abel's atmosphere team, striking while the iron was hot and said: "So, we are taking a step back now to lay a solid foundation and accumulate strength for the next sprint.

The next time we break through the 100 billion US dollar asset management scale, we will definitely be greeted with envy and admiration, rather than the doubts and resentments we have now. "

Deng Fenghua said: "Dailun, our Shanghai office has no objection. We have taken the initiative to reduce the size of the fund once before. The feeling of not being too big or too small is just right, and it is indeed much easier to invest."

With the first one taking the lead, others also expressed their support for Xia Jingxing's decision.

Seeing this scene, Xia Jingxing had a smile on his face. After all, the country was defeated together, and everyone would have to fight together next. He hoped that his actions would be understood and supported.

In fact, he took the initiative to reduce the size of the fund, but there is another reason he did not say.

He wants to take the money back to feed the rabbits! The rabbits raised in my hometown are already howling with hunger.

Moreover, many of Vision Capital's funds are his own funds and profits, plus a large profit share.

He was a little worried about such a large sum of money always being left abroad.

Cohen's taking the lead in making trouble sounded the alarm for him. There were too many people who couldn't afford to lose and people who loved to play tricks. Only the cunning rabbit who dug three holes would live longer.

…………

…………

The yacht sailed on the sea for a while, and gradually saw three islands.

"Is this the Cayman Islands?"

Xia Jingxing glanced at Ye Shuhui and replied, "Yes, this is where the headquarters of Vision Capital is located."

Hearing this, everyone laughed.

Because not only Vision Capital, but also many large domestic and foreign companies such as Penguin and Ali have their registration places here.

Soon, the yacht approached the Grand Cayman Marina, the largest island in the Cayman Islands.

Xia Jingxing led everyone off the boat and came to the shore.

This British overseas island was discovered by Columbus during his fourth expedition to the New World five hundred years ago. After Jamaica became independent, it was converted into a direct British colony.

Because it is located in the tropics, the temperature on the island remains at more than 20 degrees even in February. At the same time, because the water quality near the island is maintained very well, it has developed into a world-famous diving resort.

The island is mostly black and mixed-race, with a permanent population of less than 50,000, but its per capita GDP is as high as US$50,000. Its pillar industries are tourism and financial services.

Xia Jingxing and his party got into several cars that had been arranged in advance to wait on the shore and drove towards the Agraland House on South Church Street in George Town, where the headquarters is located.

After arriving at the place, everyone got out of the car and saw an ordinary five-story office building with a few green coconut trees planted at the door.

"The headquarters is so shabby?" Ye Shuhui joked.

Abel smiled and said: "I am deliberately keeping a low profile. You know, this building is not only our headquarters, but also the common headquarters of 20,000 companies around the world."

Xia Jingxing smiled slightly, and couldn't help but think of a famous saying by Ao Guanhai in his previous life: Agland House is the largest office building in the world, or the largest tax scam.

After the financial tsunami and the European debt crisis, countries around the world began to seriously consider how to crack down on and rectify tax havens.

In the past, the OECD had listed a blacklist, which included the Cayman Islands, British Virgin Islands, Bahamas and other offshore areas. It also required companies registered in offshore islands to voluntarily submit information such as income and costs. The land is exchanged to the direct parent company of the shell structure, and ultimately the parent company and the actual controller will hand over the relevant information to the local tax department.

It will be difficult for Envision Capital to continue fishing in troubled waters in the future!

Xia Jingxing took a deep look at the building and then led everyone inside.

After a brief tour, everyone left and went to the next location for team building - diving.

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